Sell and leaseback programs, which allow a homeowner to sell their house but continue living in it under the new owner, give Boomers the chance to tap into equity and stay in the family home. Sounds like a win-win situation – but is it a good idea?
The Conservative government is thinking of offering voluntary CPP expansion as a way to help Canadians save for retirement. Is this the answer to Canada’s savings shortfall? Read on to learn more.
Is an insured annuity a good fit for your guaranteed income plan in retirement? While providing greater returns than a GIC, there are pros and cons to be aware of.
Are you at the stage where you need to turn your RSP into income for retirement? It can be a confusing time, and require some savvy tax strategy. Here’s what one retiree did to maximize her money.
Seniors are amongst the most vulnerable in society – and their finances can be hardest hit by those with less-than-noble intentions. Whether you are a retiree or trying to protect your parent from masterminded financial pitfalls, here are some warning signs to abide by.
Retirement comes with age. Might seem like common sense, but it’s a fact many don’t like to consider when planning their post-pension finances. The truth is, aging – and slowing down – is unavoidable, and there are significant costs associated with this life stage. Whether you’re retrofitting your home to ease mobility, or shelling out for prescriptions, a little planning can go a long way in alleviating the costs of aging.